Tag: Alibaba

Retail Asia18/12/2023
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Chinese technology giant Alibaba Group Holding has invested another US$634 million in its e-commerce subsidiary Lazada amid intensifying competition. The injection – the group’s third this year – takes its investment in Lazada to more than $1.8 billion. Since taking the controlling stake in 2016, Alibaba has poured about $7.4 million into the Singapore-based e-commerce unit. This […]

Retail Asia31/07/2023
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Alibaba.com, the global business-to-business e-commerce platform of Chinese tech giant Alibaba, will double its investment in emerging manufacturing centers in Vietnam and additionally hire hundreds of employees. In the next three years, Alibaba.com will complete the establishment of specialized teams to operate in Vietnam’s emerging manufacturing hubs, including Binh Duong, Bac Ninh, Long An, Da Nang […]

Retail Asia22/06/2023
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Alibaba Group has appointed Joseph C Tsai and Eddie Yongming Wu as the company’s new chairman and CEO respectively, marking the group’s one of the most significant organisational changes. The appointments will take effect on September 10. Tsai and Wu will succeed Daniel Zhang, who will continue to lead Alibaba Cloud Intelligence Group as chairman […]

Retail Asia16/06/2023
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3min0
Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday. “What we will focus more for the future is to build local businesses, so you will see something called TMall which we have in China become TMall […]

Retail Asia28/02/2023
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Alibaba’s online business-to-consumer retail platform Tmall has launched a perfume advising service, seeking to help consumers with perfume selection and use, the e-commerce giant said in a news release. Yves Saint Laurent, Valentino and Prada have piloted the service on their Tmall flagship stores, allowing its customers to chat with “certified perfume consultants,” receive advice […]

Retail Asia09/02/2023
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Alibaba Group on Wednesday said it is developing a ChatGPT-style tool that is currently in internal testing, joining a race by tech companies globally to show they are up to speed on generative artificial intelligence (AI) developments. The Chinese e-commerce group’s statement came after the 21st Century Herald newspaper reported that Alibaba is developing a […]

Retail Asia09/01/2023
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Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport and a data centre near the Turkish capital Ankara with an investment of more than $1 billion, its president, Michael Evans, was cited as saying. Turkey’s Sabah newspaper reported Evans as saying in an interview that the company was looking […]

Retail Asia29/12/2022
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6min0
Victims of property firm Alibaba, which faces fraud accusations, are unlikely to get compensation in land since the projects it advertised were nonexistent, lawyers familiar with the case said. Obtaining cash compensation would be time-consuming due to a large number of victims, they said. The Ho Chi Minh City’s People’s Court has identified around VND1.6 […]

Retail Asia02/05/2022
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Chinese tech giant Alibaba is taking Lazada to Europe as part of its strategy to drive growth in overseas countries.  It was reported that the plan to expand Lazada to Europe was due to Alibaba’s slowing opportunities in China. The company’s latest interim report published in December 2021 unveiled that its revenue from its China […]

Retail Asia29/03/2022
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4min0
Alibaba Group’s marketplace Taobao Deals launched a 10-Yuan Store this week for China’s bargain hunters seeking daily necessities. Goods are priced below RMB10 (US$1.57) each at the digital stores, which are similar in concept to dollar stores in the US or pound shops in the UK. Taobao Deals also unveiled 100 Store, a marketplace for higher-value products, […]

Retail Asia21/03/2022
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The Vietnam Pavilion was launched on Chinese e-commerce platform Alibaba.com Friday to globally promote the country’s products and success stories. The Vietnam Trade Promotion Agency and the tech giant signed a deal for the purpose. Deputy Minister of Industry and Trade Do Thang Hai said the site would be used for advertising and taking Vietnamese […]

Retail Asia20/12/2021
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China’s Alibaba has told its investors that overseas e-commerce would be a key focus as it looks for new sources of growth after a difficult year at home. Earlier this month, Alibaba Group Holding restructured its e-commerce business into separate China and international divisions, with the latter to be led by Jiang Fan, head of Alibaba’s flagship […]

Retail Asia06/12/2021
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Alibaba said it would form two new units to house its main e-commerce businesses – international digital commerce and China digital commerce, in a bid to become more agile and accelerate growth. The international digital commerce unit will house Alibaba’s overseas consumer-facing and wholesale businesses and include AliExpress, Alibaba.com and Lazada. The unit will be […]

Retail Asia19/11/2021
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China’s Alibaba forecast annual revenue to grow at its slowest pace since its 2014 stock market debut as second-quarter results missed expectations due to slowing consumption, increasing competition, and a regulatory crackdown. U.S.-listed shares of Alibaba Group Holding Ltd, which expects the fiscal year 2022 revenue to grow by 20% to 23%, tumbled 10.3% in […]

Retail Asia18/11/2021
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5min0
Fast-growing non-alcoholic spirits brand Lyre’s, has raised $37 million in a round that values the business at A$500 million less than three years after it launched. The funding round was led by a new investor, D Squared Capital, alongside existing investor, Morgan Creek Capital Management, which has also backed Alibaba, SpaceX, Lyft, and Allbirds). Other previous investors […]


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